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Jan 13, 2013
01/13
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also, the next fight in washington will be over the debt ceiling. can president obama end this craziness and bypass congress altogether? we'll talk about the out of the box solutions and whether they would work. >>> and, finally, this is the signature of the man who might be the next treasury secretary. we'll look back through history to see if there's any loopy president. speaking of secretaries of the treasury three former holders of the office and many other statesmen and women offering advice to the president on a new gps special tonight "memo to the president, road map for a second term." tonight at 8:00 p.m. and 11:00 p.m. eastern and pacific. >>> first, here's my take. chuck hagel's nomination as america's next secretary of defense has drawn fire from people who say he's outside of the main stream. in fact, he's a pretty straight forward, traditional republican on most issues with a reluctance to go to war, born of knowledge and experience. where hagel does appear out of the mainstream in washington's world of group think is on iran. which i
also, the next fight in washington will be over the debt ceiling. can president obama end this craziness and bypass congress altogether? we'll talk about the out of the box solutions and whether they would work. >>> and, finally, this is the signature of the man who might be the next treasury secretary. we'll look back through history to see if there's any loopy president. speaking of secretaries of the treasury three former holders of the office and many other statesmen and women...
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Jan 6, 2013
01/13
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CNNW
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can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt cei
can you get a deal on the debt ceiling? can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the...
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Jan 15, 2013
01/13
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KQED
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but not until you take care of the debt ceiling and get that off the table. that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to do is give him a short-term extension. and then see if the senate will go along. they being of course the house republicans and just try to prolong this fight for a while. they don't want to have-- not shutting down the government is really spooking the credit markets and everything that major talked about a moment ago. and how the president would handle short-term extension is another matter. i think that would back him into a corner. he also ran into a problem because both in response to major and in response to julianna goldman he said i'm not going to negotiate over this. if t
but not until you take care of the debt ceiling and get that off the table. that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to...
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Jan 15, 2013
01/13
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KRCB
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>> it's pretty hard on this one, charlie because he's right on the debt ceiling. major history absolutely dead on. but the debt sealing is a fraud. a total fraud. shouldn't exist. people from alan greenspan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. it's a political device. so on that he's right. and on the substance, right now i think that obama, he may not have articulated as well as quo have but i think he has clearly indicated that if you are looking for more deficit reduction, a bigger deal, not a big deal, he's willing to go pretty far for a democrat on entitlements. right now republicans-- . >> rose: how do you know that? >> well, i think he said he's willing to do that. he has put on the table in private conversations that they had in december, he was perfectly willing to go along with the change in the change for social security, he indicated strongly that he would look at some kind of means testing for affluent medicare recipients. those aren't little things. they are not as much as some people want. but the
>> it's pretty hard on this one, charlie because he's right on the debt ceiling. major history absolutely dead on. but the debt sealing is a fraud. a total fraud. shouldn't exist. people from alan greenspan to tim geithner to anyone who has looked at it, to paul krugman say it is a total fraud. it's a political device. so on that he's right. and on the substance, right now i think that obama, he may not have articulated as well as quo have but i think he has clearly indicated that if you...
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the debt ceiling is reached the house just recently passed the credit act this was yesterday it was done in a very partisan fashion only one hundred twenty one members voted for it one hundred twenty seven voted against it. the bill would prioritize debt payments this would mean that bondholders would be paid first before making payments for all other government programs so medicare social security the military now do you ever wonder what's going to happen when our interest payments grow so big that we have to make these decisions between paying our creditors and finding a government program and you know it period it is the state of affairs and we have come to the point where we are paying creditors on our debt more than we are figuring out what the hell is going on with this country and our economy. i mean it's just such a sad commentary that we are now focusing on how are we going to get rid of this debt trillions of dollars in debt at the same time ignoring the elephant in the room and it's really a drop in the bucket i hate to say but once again when we're addressing social secu
the debt ceiling is reached the house just recently passed the credit act this was yesterday it was done in a very partisan fashion only one hundred twenty one members voted for it one hundred twenty seven voted against it. the bill would prioritize debt payments this would mean that bondholders would be paid first before making payments for all other government programs so medicare social security the military now do you ever wonder what's going to happen when our interest payments grow so big...
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Oct 8, 2013
10/13
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FOXNEWSW
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he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension. boehner has said i won't give in on this and give him a clean extension. so it won't be a clean extension of the debt ceiling. it will be i'll give you three weeks, but you got to give me a committee. he told how he wants it it structured. 20 members, i'll give you the agenda, it it will be attached. so it will be a conditional extension. i think the president gets away and he finesses it. we know what happened the last time around. they had a supercommittee that didn't succeed. that's the way you avoid the disaster from the president's perspective. boehner has said
he loses on the debt ceiling. he's really afraid of that debt ceiling. he says he won't bend on this. of course, he will have to at the 11th hour. he can't afford to be remembered as the first president who defaulted or allowed a condition to which it could happen. so i think what we just heard in that sound byte was he pointed to an exit ramp for the speaker. he basically says, well, i i said i won't negotiate while the debt ceiling is hanging over us. so you give me a three-week extension....
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Oct 7, 2013
10/13
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WMPT
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but the greatest risk looms in just ten days when the federal government hits the debt ceiling, running out of borrowing authority and defaulting on paying its debt. treasury secretary jack lew said sunday he cannot extend the deadline any further. >> i'm telling you that on the 17th we run out of our ability to borrow and congress is playing with fire. if they don't extend the debt limit, we have a very, very short window of time before those scenarios start to be played out. >> reporter: today jean sperling, a senior presidential economic advisor did not rule out accepting a debt ceiling extension of just 2
but the greatest risk looms in just ten days when the federal government hits the debt ceiling, running out of borrowing authority and defaulting on paying its debt. treasury secretary jack lew said sunday he cannot extend the deadline any further. >> i'm telling you that on the 17th we run out of our ability to borrow and congress is playing with fire. if they don't extend the debt limit, we have a very, very short window of time before those scenarios start to be played out. >>...
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Jan 3, 2013
01/13
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a debt ceiling debacle. in july of august of 2011. it's true that republicans in house took a hit in public opinion. but so did obama. people expect him to be a leader. if you have an injury to our credit rating, they will say yes. of course, republicans in the house. he gets hurt on that. it's equal. unequal on the fiscal cliff. the republicans have to be united but not only in the prescription approximately. unite on what they want. on plan "a" or "b" or "c." it's not all ad hoc. it can be a dollar of debt ceiling increase for dollar of debt reduction, which they try in 2011. or a balanced budget amendment. >> bret: that is what we could see. balanceed budget amendment call. >> it would help republicans and i crease the leverage. although, i believe policy isn't the greatest idea. >> as far as the dead itself. >> bret: p.r. next up how president obama is continuing the war on terror. >>> my client was arrested in jabuti, by >> megyn: beautyan authorities and held incommunecato for a while and held by the authorities and roughed up q
a debt ceiling debacle. in july of august of 2011. it's true that republicans in house took a hit in public opinion. but so did obama. people expect him to be a leader. if you have an injury to our credit rating, they will say yes. of course, republicans in the house. he gets hurt on that. it's equal. unequal on the fiscal cliff. the republicans have to be united but not only in the prescription approximately. unite on what they want. on plan "a" or "b" or "c."...
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Oct 10, 2013
10/13
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ALJAZAM
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the democrats would like to see a longer-term lift of the debt ceiling. get this off of the table for a while, and their legislation is still going forth. we are still seeing that move to the senate, and we'll see a vote on that in the next couple of days. that will be significant to watch, because we'll find out whether senate republicans are getting on board with this plan. because we are hearing some of the moderate republicans say not only do we have to raise the debt ceiling, we also have to get the federal government reopen for business. >> libby stay there, i have one more question for both of you. mike viqueira, look, you are there at the white house, at every point along the way, the optics have been important here, and whenever there has been a meeting with the white house, we saw it last week, both sides came out and made a statement. what are we to read from the fact that this is a meeting -- [ laughter ] >> i know i'm pushing on this, but i have to. this is a meeting that everyone was looking forward to. what does it suggest that speaker boeh
the democrats would like to see a longer-term lift of the debt ceiling. get this off of the table for a while, and their legislation is still going forth. we are still seeing that move to the senate, and we'll see a vote on that in the next couple of days. that will be significant to watch, because we'll find out whether senate republicans are getting on board with this plan. because we are hearing some of the moderate republicans say not only do we have to raise the debt ceiling, we also have...
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Dec 17, 2013
12/13
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ceiling to prioritize debt payments? >> the issue of whether or not that decision can be made is fundamental to a presidential decision. >> i know, but have you as treasury secretary, your department requested from the office of legal counsel whether or not you can prioritize the? >> i've answered your question. it would be a question between the white house counsel and the justice department because the president -- >> let me point you to the fact that "huffington post" article from last week said the obama a decision to the platinum coin option more seriously than it led on. this idea you have a $1 trillion coin minted and deposited at the federal, at the fed, then draw upon that, it is, according to the "huffington post," the administration did ask the office of legal counsel for this absurd idea to actually be judged whether not it's legal. yet at the same time you will not say that you have asked whether or not you can prioritize payment. that is deeply concerning to me. >> i'm prepared to discuss the possible those
ceiling to prioritize debt payments? >> the issue of whether or not that decision can be made is fundamental to a presidential decision. >> i know, but have you as treasury secretary, your department requested from the office of legal counsel whether or not you can prioritize the? >> i've answered your question. it would be a question between the white house counsel and the justice department because the president -- >> let me point you to the fact that "huffington...
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Sep 30, 2013
09/13
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WBAL
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while the shutdown concerns many the real fear on wall street is the battle over the debt ceiling. if it's not raised it could lead to the united states defaults on its debt which would be catastrophic to the economy. >>> the billionaire owner of the dallas mavericks is heading back to court today. mark cuban heads back to court over trading allegations. >>> and expect to see twitter stock. and the most valuable brand in the world is now apple. is surpassed coca-cola that been number one since interbrand began compiling their list of the best global brands. the top are apple, google, coca-cola, ibm and microsoft. >>> 24-year-old maria schifrin uploaded this from working at her job in twi-juan. she said she sacrificed relationships for a seemingly uncaring boss. after dancing her way in the video to kanye west, you guessed it, she quit. now she plans to come back to the u.s. definitely one way to quit your job. >>> football highlights and sports with betty nguyen. >> but which nfl quarterback has the most scoring passes in the first half of the season? don meredith, peyton manning o
while the shutdown concerns many the real fear on wall street is the battle over the debt ceiling. if it's not raised it could lead to the united states defaults on its debt which would be catastrophic to the economy. >>> the billionaire owner of the dallas mavericks is heading back to court today. mark cuban heads back to court over trading allegations. >>> and expect to see twitter stock. and the most valuable brand in the world is now apple. is surpassed coca-cola that been...
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Oct 11, 2013
10/13
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CNN
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and the debt ceiling deal. it might be in the works but are republicans and democrats, are they willing to compromise? are the republicans willing to compromise with each other and, as you mentioned, is the damage already done there we're going to look at how the world views the united states move to flirt with default? my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. [ mike ] when i was taking the chantix, it reduced the urge to smoke. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you'
and the debt ceiling deal. it might be in the works but are republicans and democrats, are they willing to compromise? are the republicans willing to compromise with each other and, as you mentioned, is the damage already done there we're going to look at how the world views the united states move to flirt with default? my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline)...
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Oct 4, 2013
10/13
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WBAL
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the stalemate also created concern over the debt ceiling debate. the deadlock on raising the debt limit could touch off a new reception -- recession. >> the government shutdown could affect flu season. quest that has officially arrived. >> state health care officials say it came two weeks earlier than last year. >> it seems early weeks have seen the first during the flu season. >> just as the flu season started, the cdc stopped trapping -- tracking influences cases. the flu surveillance homepage says it all. no one here is watching where it is moving or if a pandemic is emerging. no one to sound the alarm. >> i am very concerned for the experts we had here. what is it that might be happening? >> maryland and other states will continue and tracking and testing locally. without the feds, there is no one linking across state lines. >> it helps us all keeping a picture of what is going on from a national standpoint. quest there are no cdc researchers analyzing this year's viruses to come up with a recipe next year's vaccine. the shutdown could make you
the stalemate also created concern over the debt ceiling debate. the deadlock on raising the debt limit could touch off a new reception -- recession. >> the government shutdown could affect flu season. quest that has officially arrived. >> state health care officials say it came two weeks earlier than last year. >> it seems early weeks have seen the first during the flu season. >> just as the flu season started, the cdc stopped trapping -- tracking influences cases. the...
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Oct 8, 2013
10/13
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now congress is facing off over the debt ceiling. congress says it will move along with raising the debt limit. >>> chemical weapons stockpile some suggest bashar al-assad play have annanallal tear i dont remember motive. >> and where world leaders look up -- look to recognition wind up the asia-pacific economic cooperation to threaten the world economy. >>> with welcome to al jazeera, i'm stephanie sy. hundreds of thousands of americans are still unable to return to work but the possibility of a new crisis is coming into focus. if congress fails to raise the debt ceiling the government will be unable to pay its bills by next week. al jazeera white house correspondent mike viqueira has more. >> there is growing concern over white house officials and economists that the government is coming way to close playing with fire, about to bust that debt ceiling without action from congress, there doesn't appear to be movement towards a settlement, john boehner says bhiewhile he's not simply going ohand president obama a clean rise of the debt
now congress is facing off over the debt ceiling. congress says it will move along with raising the debt limit. >>> chemical weapons stockpile some suggest bashar al-assad play have annanallal tear i dont remember motive. >> and where world leaders look up -- look to recognition wind up the asia-pacific economic cooperation to threaten the world economy. >>> with welcome to al jazeera, i'm stephanie sy. hundreds of thousands of americans are still unable to return to...
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May 21, 2013
05/13
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it is the debt ceiling and whether the senate will be able to raise the debt ceiling using a procedural back door that would allow only 51 votes. my friend from nevada, my friend from washington state, both of them could go to conference on the budget right now today if they would simply agree that this budget would not be used as a back door to use a procedural trick to raise the debt limit not on 60 votes but on 50 votes. now, i commend their candor because neither one of them is willing to make that representation, and that is commendable, but i would point out in the budget we debated nothing in that budget raised the debt ceiling, and i would suggest, madam president, that the american people are not interested in procedural games. i think they're tired of games by the democrats and they're tired of games by the republicans. what they are interested in is leadership in this body to address the enormous fiscal and economic challenges facing this country. our national debt is nearly $17 trillion. it is larger than the size of our entire economy. the last four years our economy has gr
it is the debt ceiling and whether the senate will be able to raise the debt ceiling using a procedural back door that would allow only 51 votes. my friend from nevada, my friend from washington state, both of them could go to conference on the budget right now today if they would simply agree that this budget would not be used as a back door to use a procedural trick to raise the debt limit not on 60 votes but on 50 votes. now, i commend their candor because neither one of them is willing to...
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Dec 15, 2013
12/13
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ceiling to prioritize debt payments? >> the issue of whether or not that decision is made is fundamentally a presidential decision. >> have you as treasury secretary, your department, requested from the office of legal counsel? >> it would fundamentally be a question between the white house and the justice department. >> ok, let me point you to the fact that a huffington post article from last week says the obama administration took the platinum coin option more seriously than a lead on. this idea that you have a $1 trillion coin minted and deposited at the fed and draw upon that, it is according to the huffington post, the administration did ask the office of legal counsel for this absurd idea to actually be judged whether or not it is legal. at the same time, you will not say that you have asked whether or not you can prioritize payments. that is deeply concerning. >> i am prepared to discuss the policy on both of those issues. i don't disagree with you that the platinum coin is not an option. >> at me ask one final qu
ceiling to prioritize debt payments? >> the issue of whether or not that decision is made is fundamentally a presidential decision. >> have you as treasury secretary, your department, requested from the office of legal counsel? >> it would fundamentally be a question between the white house and the justice department. >> ok, let me point you to the fact that a huffington post article from last week says the obama administration took the platinum coin option more...
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Oct 10, 2013
10/13
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ALJAZAM
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term raising of the debt ceiling. senate democrats have not wanted that, and he invited the entire republican cob cues to the white house, to talk about it. but speaker john baner decided that he didn't want to send all of the republicans and so they have 232 to 18. baner spokesman saying a meeting is only worthwhile if it is focused on finding a solution that's why the house republican conference will instead be represented by a smaller group of negotiators including the elected leadership and certain committee chairman. what is not clear here is whether in fact, baner will also deal with the debt ceiling short term debt ceiling deal, but reopening government. on that score, president obama reopened his call yesterday. >> if mr. baner wants to put a vote to the floor to make sure we reopen our government, and america pays its builts i'm confident it would pass. >> but so far, speaker baner has not done it. >> our randall congressional showing a new willington negotiate. >> we believe there's obvious some new willingn
term raising of the debt ceiling. senate democrats have not wanted that, and he invited the entire republican cob cues to the white house, to talk about it. but speaker john baner decided that he didn't want to send all of the republicans and so they have 232 to 18. baner spokesman saying a meeting is only worthwhile if it is focused on finding a solution that's why the house republican conference will instead be represented by a smaller group of negotiators including the elected leadership and...
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Oct 13, 2013
10/13
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KGO
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the debt ceiling wasn't a hostage or once -- once -- tip o'neill held up the debt ceiling for one day as symbolism. there was never before a case where one party pushed the u.s. government to the edge of default. demanding concessions in return. every attempt to make this sound business as usual, this is not. this is out of the experience. >> it is more heightened but it's still part business as usual because it takes place within the context of an american president having to deal with the reality around him. opposite party having to deal with the fact that he has the presidency, he has the executive, make the deal. >> political reality here as well, pretty striking, "the wall street journal" poll, i want to go through some of the numbers right here. it shows the republican party taking much of the brunt. 53% blame the republicans. the view of the republican party, 24% positive right now. according to the pollsters of "the wall street journal." 24% positive. only 14% of the country thinks we're going in the right direction right now, and as lindsey graham cited early, 60% of the coun
the debt ceiling wasn't a hostage or once -- once -- tip o'neill held up the debt ceiling for one day as symbolism. there was never before a case where one party pushed the u.s. government to the edge of default. demanding concessions in return. every attempt to make this sound business as usual, this is not. this is out of the experience. >> it is more heightened but it's still part business as usual because it takes place within the context of an american president having to deal with...
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Jan 15, 2013
01/13
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CURRENT
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this is about doing the debt ceiling about paying the debt. it has nothing to do with the sequester. he didn't talk about them together. he talked about them separately. in fact, that's where the negotiating will happen. he said to congress we'll have to figure out a way not to increase deficit. it will have to come with spending cuts. >> cenk: more austerity, i wouldn't do any more of it. but he also talked about guns. >> he was asked about guns. i think what we'll hear him talk about hear here now but 836 people now since the newtown tragedy has died. that's almost as if we have woken up for 32 days and there was a nu town every single day. >> cenk: every time we update it i get surprised. oh, my god, it's been that many more and it's insanity. i think a great majority of the american people are on to it. it is a majority, 52% of americans are now more supportive of gun control since newtown. we're making progress, of course it depends on what is in it. >> he has the option and he's talking about using the executive order. here is the presid
this is about doing the debt ceiling about paying the debt. it has nothing to do with the sequester. he didn't talk about them together. he talked about them separately. in fact, that's where the negotiating will happen. he said to congress we'll have to figure out a way not to increase deficit. it will have to come with spending cuts. >> cenk: more austerity, i wouldn't do any more of it. but he also talked about guns. >> he was asked about guns. i think what we'll hear him talk...
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Oct 12, 2013
10/13
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ALJAZAM
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ceilings, i'm talking about raising the debt ceiling. harry reid said the negotiations on that front are over. he said the republicans were talking to the president, but that has now stopped, and so basically it's all eyes on the senate. it's all down to the senate. the republican caucus in the house seem to acknowledge these comments and they also, according to unnamed sources, you can guess who they are, all the usual candidates, basically there are no negotiations going on and the republicans in the senate should stand firm on their principles. of course, it's not that they want to see the debt ceiling not raised or that there is a potentially economic crisis coming. but they have their principle. they don't want to see more government spending. in the senate there is a vote taking place right now on raising the debt ceiling. they need 60 votes, and here is dick durban, the democrat from illinois who doesn't any a single republican is going to join the democrats. >> today at noon on the floor of the united states senate there is going
ceilings, i'm talking about raising the debt ceiling. harry reid said the negotiations on that front are over. he said the republicans were talking to the president, but that has now stopped, and so basically it's all eyes on the senate. it's all down to the senate. the republican caucus in the house seem to acknowledge these comments and they also, according to unnamed sources, you can guess who they are, all the usual candidates, basically there are no negotiations going on and the...
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Jan 1, 2013
01/13
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five or six weeks irk the debt ceiling. >> the debt ceiling bill. this is just the beginning of the debate. it is not the end. rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on. let's not forget the overall impact of this bill is very negative for the economy. means higher capital-gains taxes higher dividend taxes. higher taxes on small businesses the some of my liberal friends would say, that is only people that make over $450,000. rick, as you know, two out of three of those people in the high income category are small business owners. the overall impact is anti-business and anti-growth. the by the way only way we get the deficit down is get the economy growing again. i think congress and the white house lost sight of that. rick: for conservativ
five or six weeks irk the debt ceiling. >> the debt ceiling bill. this is just the beginning of the debate. it is not the end. rick: you and i talk for years, steve about small businesses and the impact these bills have on folks who employ, the most americans in this country, small business owners. based on your reading of this bill, what's the impact on them? >> it is lousy. i'm glad you brought this point up. we've been having the debate whose taxes should be going up and so on....
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Oct 12, 2013
10/13
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ahead of this week's debt ceiling deadline. wrapping it up all for us, live in washington. >> there are signs that nerves are getting really, really frayed up here. we saw an example of this just a little over an hour ago, when republicans who are continuing to pass these mini funding bills, yanked one of these that would fund native american health programs. when democrats asked for unanimous consent to change the title of this specific bill. they wanted to change it i'm not joking here to, and i quote, although we prefer a comb prehebsive, clean, continuing resolution to end a government shutdown. that is how petty things are getting up here. a more serious find of the impasse is several republicans emerged from their caucus meeting earlier this morning very disgruntled, very dismayed that the president appears to be rejecting a very promising plan put together by congressman paul ryan up here that would address some of the long-term drivers of deficit spending here. medicare, social security, a special reform to the tax code
ahead of this week's debt ceiling deadline. wrapping it up all for us, live in washington. >> there are signs that nerves are getting really, really frayed up here. we saw an example of this just a little over an hour ago, when republicans who are continuing to pass these mini funding bills, yanked one of these that would fund native american health programs. when democrats asked for unanimous consent to change the title of this specific bill. they wanted to change it i'm not joking here...
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Jan 8, 2013
01/13
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>> the debt ceiling is likely to come first. the funny thing is at this point to some extent there aren't any external deadlines they absolutely have to meet. these are all created by washington. historically the debt ceiling was not an occasion for a big policy change. it became one in 2011, the republicans successfully made that happen. but they could easily extend the debt kreiling the way washington has in the past. in some ways the bigger thing is the sequester. it was supposed to be january 1, they pushed it back to march 1. substantial cuts. not overwhelming but substan tomorrow domestic programs and the military. most people don't want them take effect and the question is can they come up with something else that would bring down the deficit instead of across-the-board sequester cuts scheduled for march 1. >> rose: i watched over the weekend the talk shows and mitch mcconnell, the leader of the republicans in the senate said the tax question is off the table. we've dwelt that so we only will deal with spending now. >> it
>> the debt ceiling is likely to come first. the funny thing is at this point to some extent there aren't any external deadlines they absolutely have to meet. these are all created by washington. historically the debt ceiling was not an occasion for a big policy change. it became one in 2011, the republicans successfully made that happen. but they could easily extend the debt kreiling the way washington has in the past. in some ways the bigger thing is the sequester. it was supposed to be...
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Oct 11, 2013
10/13
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KCSM
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. >> john boehner offers a short- term debt ceiling deal. we will go live to washington in a moment. libya's prime minister calls for wisdom and not as collation. they also thank the military for their role in his release. a canadian short story writer awarded the nobel prize in literature for writing about the humans. . only the 13th woman to win the prize. developments in the u.s. where republican leaders will offer barack obama a short-term debt limit increase if the president agrees to negotiate on budget issues. let's now cross to our correspondent in washington. how significant is this offer? >> a breakthrough of sorts considering how big a stalemate this has been for weeks. it doesn't necessarily open a big conversation between republicans and democrats, nowhere near negotiations yet over the and to this government shutdown, but it is a concrete offer from republicans that the white house could except. it increases the debt limit until the 22nd of november. the 17th of october is when the united states started risking a default on its
. >> john boehner offers a short- term debt ceiling deal. we will go live to washington in a moment. libya's prime minister calls for wisdom and not as collation. they also thank the military for their role in his release. a canadian short story writer awarded the nobel prize in literature for writing about the humans. . only the 13th woman to win the prize. developments in the u.s. where republican leaders will offer barack obama a short-term debt limit increase if the president agrees...
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Jan 3, 2013
01/13
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KICU
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if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimulate the economy. consumer psychologist says 2% can make a big difference. >> in the bay area, a couple making $100,000 a year, taking a $2,000 cut in that income is massive. it's completely different than other parts of the country where $100,000 goes a long way. >> it can have a domino effect on install businesses and the economy as a whole. congr
if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between...
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Jan 3, 2013
01/13
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KTVU
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if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between parties. rita williams, ktvu, channel 2 news. >>> relief over the fiscal cliff deal may be short lived as americans realize their payroll taxes are going up. the deal in congress reinstates the 2% cut in the social security payroll tax that was waived two years ago, to stimulate the economy. consumer psychologist says 2% can make a big difference. >> in the bay area, a couple making $100,000 a year, taking a $2,000 cut in that income is massive. it's completely different than other parts of the country where $100,000 goes a long way. >> it can have a domino effect on install businesses and the economy as a whole. congr
if the debt ceiling is not raised, the nation could default on its spending. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> the president has maxed out his credit card, and he's not going to get an unlimited credit card. >> reporter: the next few months will be a real test for congress, and for new nebs who think they can break the impasse between...
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Oct 16, 2013
10/13
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KCSM
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fitch said the negotiations over raising the debt ceiling risk undermining investor confidence. they say the indecision is casting doubt on the dollar's role as the key global reserve currency. the analysts believe the debt ceiling will be raised soon, but they say political brinksmanship and reduced flexibility in financing could reduce the risk of default. two years ago standard & poor's became the first agency to lower the ratings. that shook up financial markets and caused share prices to fluctuate. >>> government officials in beijing are concerned about the fiscal stalemate in washington. china is the largest holder of u.s. debt. nhk's akihiro morita has more. >> reporter: a symposium on international finance took place last week in washington. participants focused on the u.s. fiscal situation as a threat to the global economy. the governor of china's central bank attended the symposium. he addressed jason farmer, the top economic adviser at the white house. >> the emerging market facing some difficulty. adding this budget and that limit uncertainty would be a hurdle for th
fitch said the negotiations over raising the debt ceiling risk undermining investor confidence. they say the indecision is casting doubt on the dollar's role as the key global reserve currency. the analysts believe the debt ceiling will be raised soon, but they say political brinksmanship and reduced flexibility in financing could reduce the risk of default. two years ago standard & poor's became the first agency to lower the ratings. that shook up financial markets and caused share prices...
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Jan 10, 2013
01/13
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FOXNEWS
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tax receipt which would continue after a breach of the debt ceiling account for 60%. so they would overwhelmingly be plenty of money to make payment on the national debt. you will hear default on our obligations. that is a loose and slippery term which means that the government wouldn't be able to finance all of the spending. it would be a bad outcome. it would not be traditional understood. >> bret: the government would have to close things? >> significant piece of the government. program would shut down and people would be furloughed and so on. not default on the national debt. >> bret: important distinction. brit, thank you. >> you bet. >> bret: defense secretary leon panetta says he has directed the military to begin taking prudent steps to offset impact of huge budget cuts scheduled for march 1. he said he directed the services to begin planning now in case he has to put nearly 800,000 civilian employees on unpaid leave for up to a month during the remainder of the fiscal year. mortgage rates are ticking up a bit from record lows. freddie mac says the average int
tax receipt which would continue after a breach of the debt ceiling account for 60%. so they would overwhelmingly be plenty of money to make payment on the national debt. you will hear default on our obligations. that is a loose and slippery term which means that the government wouldn't be able to finance all of the spending. it would be a bad outcome. it would not be traditional understood. >> bret: the government would have to close things? >> significant piece of the government....
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Aug 27, 2013
08/13
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KRCB
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lew is calling on lawmakers to take immediate action before the nation hits the debt ceiling. the government reached its borrowing limit of about $16.7 trillion in may. it's legally prohibited from taking on more debt. government officials have used emergency measures to avoid defaulting on obligations. they've seen called on pension funds for federal workers. the differences between democrats and republicans have stymied debate on raising the debt ceiling. the u.s. faced a similar scenario in 2011 when the government came close to defaulting on its debt, that led to a downgrade of its credit rating. treasury secretary lew is warning a default would deal a heavy blow to financial markets around the world. >>> more headlines in business the next hour. i'll leave you with a check on the markets. >>> the united nations secretary-general has urged japanese leaders to do some soul searching. ban ki-moon says their understanding of history is straining ties with south korea and china. pow he was responding to a question from a reporter visiting south korea. the reporter asked for hi
lew is calling on lawmakers to take immediate action before the nation hits the debt ceiling. the government reached its borrowing limit of about $16.7 trillion in may. it's legally prohibited from taking on more debt. government officials have used emergency measures to avoid defaulting on obligations. they've seen called on pension funds for federal workers. the differences between democrats and republicans have stymied debate on raising the debt ceiling. the u.s. faced a similar scenario in...
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ceiling i mean there's absolutely no reason why there should be a specified ceiling to the federal debt congress imposes that on itself and then having imposed it has to vote to lift it which it inevitably must so this is a pretty awesome fishel crisis a purely political crisis if you look away from the politics of washington at the u.s. economy it is unquestionably in recovery mode and what's most exciting about it right now is the way the discovery of shale gas in the exploitation of shale oil is ushering in a new era in which the united states will become energy independent for the first time in two generations i think that's going to be the cue for a written a song for the american manufacturing and the world is going to be pretty surprised by what the united states does economically over the next ten years which by the way has big implications for russia to. ten years ago if you were running gazprom you never thought for a minute that you would find yourself being on the cards by north america but that's what's happening bad implications for russia and i think that's one thing that
ceiling i mean there's absolutely no reason why there should be a specified ceiling to the federal debt congress imposes that on itself and then having imposed it has to vote to lift it which it inevitably must so this is a pretty awesome fishel crisis a purely political crisis if you look away from the politics of washington at the u.s. economy it is unquestionably in recovery mode and what's most exciting about it right now is the way the discovery of shale gas in the exploitation of shale...
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Oct 11, 2013
10/13
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KPIX
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these two crisis-- the shutdown and the debt ceiling-- were discussed at the white house late today by the president and republican leaders. we have reports from both ends of pennsylvania avenue. we're going to go first to major garrett at the white house. major, the meeting just broke up. what's happened? >> reporter: well, scott, this is a very, very fluid situation. white house aides are scrambling at this moment to put together a statement to characterize exactly what went on when the president met with 18 house republicans today. they're not characterizing it in any way right now as either productive or nonproductive. what they are avoiding are terminology of is saying the republican off was rejected by the president. it's clear talks will continue on the subject of day which was not resolving or ending shutdown but trying to find a way to extend the legal authority of the government to borrow to avoid a default. which as said comes due october 17. the republicans came with a proposal to the president to extend borrowing authority for the government until november 22. and we are t
these two crisis-- the shutdown and the debt ceiling-- were discussed at the white house late today by the president and republican leaders. we have reports from both ends of pennsylvania avenue. we're going to go first to major garrett at the white house. major, the meeting just broke up. what's happened? >> reporter: well, scott, this is a very, very fluid situation. white house aides are scrambling at this moment to put together a statement to characterize exactly what went on when the...
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Oct 4, 2013
10/13
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debt and that sends investors running for cover. >>> dancing on the ceiling, what does happen if the u.s. doesn't raise the debt limit and defaults? we'll look at the ramifications. >>> and innovative ways how hospitals and drugstores are looking to improve health care, we'll talk to the president of cvs minute clinic that and more on this very busy
debt and that sends investors running for cover. >>> dancing on the ceiling, what does happen if the u.s. doesn't raise the debt limit and defaults? we'll look at the ramifications. >>> and innovative ways how hospitals and drugstores are looking to improve health care, we'll talk to the president of cvs minute clinic that and more on this very busy
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May 6, 2013
05/13
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CSPAN
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and a bill to prioritize debt payments in case the debt ceiling is reached. live coverage of the house on c- span. the senate on c-span2 at 2:00 p.m. eastern. >> next, q&a with david stockman, followed by your , and comments on "washington journal. and the u.s. house of representatives returns from recess. >> this week on "q&a," former congressman and reagan's administration budget director david stockman discusses his latest book, entitled "the great deformation: the corruption of capitalism in america." >> david stockman, the author of the book "the great deformation. 1981, when you were budget director for ronald reagan? >> the last thing was that the machine of the government in united states is pretty brittle, and if mistakes are made, and, clearly, we made a huge mistake when the taxes were double thee
and a bill to prioritize debt payments in case the debt ceiling is reached. live coverage of the house on c- span. the senate on c-span2 at 2:00 p.m. eastern. >> next, q&a with david stockman, followed by your , and comments on "washington journal. and the u.s. house of representatives returns from recess. >> this week on "q&a," former congressman and reagan's administration budget director david stockman discusses his latest book, entitled "the great...
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Oct 10, 2013
10/13
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ALJAZAM
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the republicans proposed raising the debt ceiling for six weeks. meanwhile wall street, wow, a rocketship-like ride today. the dow closing the day up 322 points. what a trading day. mike viqueira is at the white house for us. and mike, to the extent you can, put us in the room. in about 30 minute's time the president is going to meet with house republicans, what can we expect? >> it started today this morning. there is a glimmer of hope now tony. it's all vague, it's all taking shape, but the stock market reacting to the fact that for the first time in how long has it been, some two weeks, there is some wiggle room now on both sides of this of the house gop and here at the white house as well. a lot yet to be decided. a lot up in the air at this point, but there is a possibility, glimmer of hope that the end is in site at least for the next six weeks. that's what john boehner put in proposal today. a six-week extension of the debt limit. relatively clean, and evidently it is still being written and changed, but john boehner emerged from that meetin
the republicans proposed raising the debt ceiling for six weeks. meanwhile wall street, wow, a rocketship-like ride today. the dow closing the day up 322 points. what a trading day. mike viqueira is at the white house for us. and mike, to the extent you can, put us in the room. in about 30 minute's time the president is going to meet with house republicans, what can we expect? >> it started today this morning. there is a glimmer of hope now tony. it's all vague, it's all taking shape, but...
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Oct 11, 2013
10/13
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KPIX
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but sharon chin says there is some movement tonight on avoiding the debt ceiling. that itself is big news. >> yes, in the most promising day, but both sides, they kept going around and around. the gop wants to deal with the debt ceiling first. >> it's a very useful meeting as it was clear for both sides as to where they were at. >> reporter: opening talks on the budget, obama care and entitlements. >> it's what we're looking at, coming together. and we'll meet you half way. >> reporter: in a new approach today, they seemed to drop their demand to roll back the president's health care law in exchange for funding the government. >> i don't want to put anything off of it. what is the mood there right now? it is tense. you can see that nobody is happy to provide the government shutdown. i'm certainly frustrated. they hope it will force a compromise. >> right now they are coming to their senses and realizing that we need to turn their heights back on. >> reporter: it shows the approval of the republicans that sent that on-time low of 20% compared to 33% for the democrat
but sharon chin says there is some movement tonight on avoiding the debt ceiling. that itself is big news. >> yes, in the most promising day, but both sides, they kept going around and around. the gop wants to deal with the debt ceiling first. >> it's a very useful meeting as it was clear for both sides as to where they were at. >> reporter: opening talks on the budget, obama care and entitlements. >> it's what we're looking at, coming together. and we'll meet you half...
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Jul 14, 2013
07/13
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CNN
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should default and we will not get into negotiation like 2011 over the debt ceiling. and i'm trying to separate the issues of the debt ceiling and the larger fiscal questions. >> i have to ask you about the irs. many americans were stunned to discover that the irs seemed to be targeting groups for political reasons. do you believe that that was a real problem, and has it been cleared up? >> well, fareed, i think it's now been pretty clearly established that the irs in its implementation of the tax-exempt program was making lists and scrutinizing not just one side but both sides of the political ledger. they were trying to implement the program to determine whether or not there was political activity. i've said many times that they exercised bad judgment and the criteria they used in terms of identifying institutions. but i think it's been carrily established that it was not politically motivated, that it was -- it was bad judgment. and when we appointed an acting commissioner of the irs, i gave them three tasks. one was to take action where individuals needed to be he
should default and we will not get into negotiation like 2011 over the debt ceiling. and i'm trying to separate the issues of the debt ceiling and the larger fiscal questions. >> i have to ask you about the irs. many americans were stunned to discover that the irs seemed to be targeting groups for political reasons. do you believe that that was a real problem, and has it been cleared up? >> well, fareed, i think it's now been pretty clearly established that the irs in its...
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Jan 9, 2013
01/13
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CSPAN
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we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt ceiling. and if that is a responsibility that is just too onerous for them to bear, they should pass it off to the president as they did previously. he will not negotiate over raising the debt ceiling. this is not -- were not going to play a hostage-situation game where the economy of the united states and the world suffers because of an insistence on a political agenda by one party and one house of congress -- or one party in both houses of congress. >> so if none of those things happens, and then -- so it's kind of a game of chicken -- and then
we will not negotiate over raising the debt ceiling. as the president said, he has demonstrated repeatedly that he is willing to compromise when it comes to moving forward with deficit reduction. we obviously because of the sequester and the cr and other issues have economic, budgetary, and fiscal challenges that we need to confront, and that requires discussion and negotiation with congress. but he will not negotiate over the fundamental responsibility that only congress has to raise the debt...
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Oct 17, 2013
10/13
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CSPAN2
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we'll call on congress to raise our nation's debt ceiling and avoid this default. we urged congress to put an end to the house to our climate of uncertainty and brinksmanship. it is time to move our country forward, not jeopardize the hard work and the progress the we have all made to get. at the end of the day elected officials like our business community have a stake in preserving our free-market economy and our american way of life. negotiations, whether motivated by profit or politics achieve the highest possible success will recognize that cooperation works much better than conflict and that the solidarity was always out last desolation and differences to not away our common interest. thank you very much. >> next we will hear from ian kramer, is it your director of leaders engaged on alzheimer's disease. >> thank you, chairman. thank you for the opportunity to be here today. this is not a happy day. this is a day where we all sigh in relief that the circular firing squad said ready, aim, and then held its breath. and this crisis is not over. all it is is delay
we'll call on congress to raise our nation's debt ceiling and avoid this default. we urged congress to put an end to the house to our climate of uncertainty and brinksmanship. it is time to move our country forward, not jeopardize the hard work and the progress the we have all made to get. at the end of the day elected officials like our business community have a stake in preserving our free-market economy and our american way of life. negotiations, whether motivated by profit or politics...
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Nov 4, 2013
11/13
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host: what is the next debt ceiling deadline? guest: the aggregation of all our debt from the beginning to today is february 7. we have suspended our debt ceiling until february 7. it is not like the beginning of a new fiscal year where everything comes to an end. we will allow the treasury to continue to have cash flow to have them move beyond. we believe the bipartisan policy center -- we think it is not february 7 that we will be back in the soup with not having enough cash. it will probably be the end of february, early march. we will face the statutory debt limit and a cash flow problem. host: for folks who don't know the bipartisan policy center, what is it? guest: it was established in 2007 by four former leaders of the united states senate, senator dole, senator baker, senator mitchell, and senator daschle. it is a nonprofit and basically an organization that tries to drive toward principled solutions and reasonable negotiation to bring together various partisan individuals. it is a bipartisan organization. we take on maj
host: what is the next debt ceiling deadline? guest: the aggregation of all our debt from the beginning to today is february 7. we have suspended our debt ceiling until february 7. it is not like the beginning of a new fiscal year where everything comes to an end. we will allow the treasury to continue to have cash flow to have them move beyond. we believe the bipartisan policy center -- we think it is not february 7 that we will be back in the soup with not having enough cash. it will probably...
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Nov 7, 2013
11/13
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ceiling and defaulting on our national debt, and we just have a couple of months before we have more similar deadlines before with us. at our foundation we think it's very important to move beyond this governing by crisis and institute a long-term fiscal plan. and not only do we need to get our long-term fiscal house in order, but this governing by crisis really hurts today's economy. recently, we put out a study that showed that governing by crisis reduced gdp and increased the employment rate by 0.6% or 8900,000 jobs -- 900,000 jobs. so on top of all the other economic challenges we face, we're adding insult to injury and self-inflicted wounds caused by governing by crisis. and this is also affecting american families. according to our surveys, three out of four voters say they're concerned that their personal financial situation will worsen as a result of crisis-driven fiscal policies. so it's hurting the economy, confidence and families. so it's very much a consumer issue. so during these difficult times, i can think of no one we'd rather hear from than richard cordray, the first
ceiling and defaulting on our national debt, and we just have a couple of months before we have more similar deadlines before with us. at our foundation we think it's very important to move beyond this governing by crisis and institute a long-term fiscal plan. and not only do we need to get our long-term fiscal house in order, but this governing by crisis really hurts today's economy. recently, we put out a study that showed that governing by crisis reduced gdp and increased the employment rate...
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Sep 26, 2013
09/13
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CNNW
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on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what anything could get through. so the president is simply saying, i'm not going to play games over our ability to pay our bills. bills that congress obligated us to. you know, if you have an idea of how to reduce the deficit or improve the health care law, he's open to it. but this is not a negotiation that's going on because there's nobody to negotiate with. >> i think one thing we can all agree on is there is no trust between the white house and republicans on capitol hill. >> or between the american people and washington.
on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what...